A Tale of Loss and Business Inspiration

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Exploring Walmart Marketplace's promotion for new sellers and a personal tale of losing $10 million investing agency profits into a software venture inspired by Basecamp's model, showcasing the challenges of agency business and the appeal of software for recurring revenue.

Episode 120: Andrew Wilkinson is the co-founder and CEO of Tiny, a publicly traded holding company trying to be Berkshire Hathaway but for internet companies. In 2007, Andrew started a Canada-based design agency called MetaLab, which grew to $40-50 million in revenue & $20 million in profit. After trying and failing to launch other businesses, Andrew pivoted to buying businesses to grow his holding company. I’m going to read a story by Andrew about one of the businesses he tried to launch after MetaLab and his lessons from its spectacular failure.

Original Story: https://twitter.com/awilkinson/status/1376985854229504007

Andrew’s X Account: https://twitter.com/awilkinson

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